Small-business bankruptcies increase in 2009

Small-business bankruptcies increase in 2009

Western U.S. businesses have struggled more than eastern businesses since September 2008.
Dec 11, 2009
By staff

Small-business bankruptcies have risen by 44 percent from the third quarter of 2008 to the third quarter of 2009, according to Equifax Inc. California has been hit hardest, with eight metropolitan areas among the 15 areas nationwide experiencing the most commercial bankruptcy filings in September 2009. The top 10 are:

> Los Angeles, Calif.
> Riverside/San Bernardino, Calif.
> Sacramento, Calif.
> Denver/Aurora, Colo.
> Santa Ana/Anaheim/Irvine, Calif.
> San Diego/Carlsbad, Calif.
> Dallas/Plano/Irving, Texas
> Portland/Beaverton, Ore., Vancouver, Wash.
> California (excluding other metropolitan areas in the state)
> Oakland/Fremont/Hayward, Calif.

Eastern cities such as Charlotte, N.C.; Atlanta; and New York City/White Plains, N.Y., have seen recent recovery, with bankruptcies dropping 69 percent, 44 percent, and 49 percent, respectively, between the second and third quarters of 2009.

Hot topics on dvm360

Pol on defense as Michigan veterinary board discusses negligence charges

Controversial reality TV veterinarian calls his approach 'common sense.'

Photo gallery: The top 10 veterinary schools in America, according to U.S. News

U.S. News & World Report ranks programs for the first time since 2011.

Front Desk Disasters, Episode 3: Dude looks like a lady

Everyone's favorite receptionist is at it again. Would you handle this situation differently?

Video: Flea hideouts in the house

Parasitology expert Michael Dryden, DVM, MS, PhD, reveals prime hideouts for fleas—and gives tips to clear them out of clients' homes for good.

Veterinarians: Your clients are going to Google with these cat questions

You might be surprised by what your clients are researching. Plus, get an educational client handout.